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Naked Capitism's Krugman: Fed is Running Out of Tricks is a very good read.

The last paragraph:

"I used to think that the major issues facing the next president would be how to get out of Iraq and what to do about health care. At this point, however, I suspect that the biggest problem for the next administration will be figuring out which parts of the financial system to bail out, how to pay the cleanup bills and how to explain what it’s doing to an angry public."

I've been saying for a while I don't envy the next US president at all and I've long thought the economy would be the next President's biggest issue. 

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